Tonight, the Republican candidates reiterated their desire to repeal Wall Street reform in order to allow bankers to write their own rules -- like they were able to in the lead-up to the financial crisis.
GOP 2012 CANDIDATES WANT TO REPEAL WALL STREET REFORM AND LET WALL STREET WRITE ITS OWN RULES
Romney: “I’d Like To Repeal Dodd Frank.” [Boston Globe, 8/24/11]
Perry Said Dodd-Frank Should “Removed From The Books As Soon As We Can” Because Banks “Want To Lend, But They’ve Got Regulators.” [Perry event in Manchester, NH, 9/3/11]
Huntsman Called For Repeal Of The Dodd-Frank Law. [LA Times, 8/31/11]
Bachmann Sponsored A Bill That Would Have Repealed The Dodd-Frank Wall Street Reform And Consumer Protection Act. [CNN, 6/27/11]
OBAMA PASSED WALL STREET REFORM TO PROTECT CONSUMERS AND PREVENT ANOTHER FINANCIAL CRISIS
President Obama Signed Into Law The Credit Card Accountability, Responsibility And Disclosure Act, Which Prevents Card Companies From Placing Hidden Fees And Unfair Late Fee Traps On Consumers. [AP, 5/22/09]
President Obama Signed Into Law Landmark Consumer Protections And Financial Reform Which Shields American Families From Unfair Lending Practices, Reins In The Excesses Of Wall Street, And Works To Prevent Future Financial Crises. [The New York Times, 7/22/10]
The Wall Street Reform Act Created The Consumer Financial Protection Bureau, Which Has New Powers To Protect Consumers Including The Ability To Regulate Non-Bank Entities Which Contributed To The 2008 Financial Crisis. [Senate Summary of the Wall Street Reform and Consumer Protection Act, 7/1/10]
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